Accounting Variation Proforma MCQs
Previous Practice: Accounting Equation MCQs
Next Practice: Accounting Cycle MCQs
MCQs 1 to 10
Click The Option and See Result
How the debit side of journal effect?
The effect of a credit entry on the payables account is to?
The amount charged to customer for goods or services sold is called?
The decrease in owner’s equity attributable to business activities is called?
A person who pays out something or to whom money owes is called?
The payment of cash to supplier will?
A debit will reduce _____________________________, but increase ___________________________?
Which of the following transactions results in an immediate increase in expenses?
In double entry system of book–keeping every business transaction affects?
The amount of salary paid to Sohail should be debited to?
Share your Results:
>> Read Accounting Variation Proforma
MCQs 11 to 20
Click The Option and See Result
To record goods returned inward?
What the nature of purchases account?
What is the nature of sales?
Every transaction has minimum __________________?
When drew cash from bank Rs. 8,000 for office use bank account will be?
The rent paid to landlord should be credited to?
The person or corporation from whom the business is purchased is?
All of them are same except?
Expired cost of any fixed assets?
If the goods are purchased for the purpose of resale on credit, then the following account would be credited?
Share your Results:
>> Practice Accounting Variation Proforma Problems and Solutions
Related Questions
Accounting Variation Proforma Problems
Accounting Variation Proforma Examples
Accounting Variation Proforma Questions
Related Problems
Accounting Variation Proforma Exam Questions
Accounting Variation Proforma Exercises
References
Mukharji, A., & Hanif, M. (2003). Financial Accounting (Vol. 1). New Delhi: Tata McGraw-Hill Publishing Co.
Narayanswami, R. (2008). Financial Accounting: A Managerial Perspective. (3rd, Ed.) New Delhi: Prentice Hall of India.
Ramchandran, N., & Kakani, R. K. (2007). Financial Accounting for Management. (2nd, Ed.) New Delhi: Tata McGraw Hill.
Plz correct….
3. The payment of cash to supplier will?
(a) Reduce cash balance and reduce current liabilities
(b) Increase receivables and reduce cash balance
(c) Reduce account payable and increase purchases
(d) Increase payable and reduce cash balance